15650 is the last hope for the bulls...

EQUITY BULLETIN FOR 14 JUNE 2022

Nifty Futures

Free fall continues in the market. Now Nifty has near resistance around 15900 if it breaks above 15900 will see an upside rally till 16000 — 16050 levels in the upcoming trading sessions.

On the other side, Nifty has major support around 15650, break and close below 15650 will see a downside fall till 15550 —15500 levels in upcoming session.

Trading strategy

Traders can buy Nifty Future around 15500 with a stop loss below 15380 levels for the upside movement till 15650 — 15700 levels.

Bank Nifty

Bank Nifty crashed sharply in the last trading session. Bank Nifty has near resistance around 33888, breaks and sustains above 33888 will see an upside movement till 34100-34300 levels.

Otherwise, major support range around 33000, breaks below 33000 will see a fresh downside fall till 32600-32400 levels in an upcoming session.

Trading Strategy

Traders can sell Banknifty Future on rise around 33800 with a stop loss above 34050 for the downside movement till 33600—33500 levels in an intraday trading session.

Stock Pick of the day

INDUSIND BANK

Sell Indusind Bank around 878 for the downside move till 858 and then to 850 levels in the coming days. Stop loss below 895.

*T&C Apply…